RANT & CHAT - No Politics

[Bird of Prey]

RR cut taxes for everyone who made more than about $20,000. (those below that number paid more in Medicare than they saved in tax cuts) The result was not a booming economy. George the First raised taxes as did Billy. The result seemed to be a booming economy. George the Second cut taxes and the results so far are just plain problems. You can blame whomever and whatever you want, but can you honestly tell me any of this works.


Economics 101

The US economy can be likened to a large oil tanker, hard to get moving and difficult to change direction.
In one incredibly ironic twist, many economists agree that the events during a particular presidential term may not "show up" (make their effects felt in the economy) until as many as two 4 year terms after the event. It can be reasonably argued (and has been) that the "boom" during the Clinton years were actually the results of RR's economic strategy. And the problems we are having now are the results of George Sr being forced into a tax hike by a Democratic Congress and the Clinton Tax hikes that followed.
You can test this for yourself. Take any political event and add 8 years to it. Especially tax changes. It makes for an eye opening lesson.



The Bird of Prey
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